ALBANY — A federal grand jury has issued an indictment against a former Albany physician accusing him of deliberately seeking to defraud the federal government by concealing hundreds of thousands of dollars in income.

Robert Sperrazza’s medical license lapsed in May 2010, according to state records. But according to the U.S. Attorney’s Office, long before that, Sperrazza was concealing his income in an intentional effort to avoid paying income taxes.

According to the indictment, Sperrazza is alleged to have committed tax evasion in 2005, 2006 and 2007.

In 2007, a separate count of the indictment alleges that that he knowingly structured more than $496,000 in deposits with an Albany bank in violation of federal law.

In 2008, another count of the indictment alleges Sperrazza structured another 52 deposits worth more than $430,000 at the same bank, violating the U.S. legal code.

If convicted on all counts, Sperrazza could spend more than a decade in federal prison, pay fines of more than $500,000 and have supervised release.

The federal government is also planning to go after all of Sperrazza’s personal assets, cash, homes and property to satisfy the money owed, the indictment states.

According to the Georgia Composite Medical Board, Sperrazza was an anesthesiologist in Albany from June 1994 through May 2010.